Chinas Tencent in talks to buy 10 of Universal Music Group

PARIS — Chinese tech giant Tencent is in talks with French media company Vivendi to buy 10% of Universal Music Group, whose artists include Ariana Grande, Lady Gaga, U2 and the Rolling Stones.Vivendi said Tuesday it has started preliminary negotiations that value Universal Music at about 30 billion euros ($33.6 billion).Tencent would have a one-year option to buy an additional 10% stake, the statement said.The Chinese and French companies are also considering “areas of strategic commercial co-operation.”Vivendi said the deal would help it seize growth opportunities and better promote Universal artists and new talents in new markets.Tencent is the world’s largest gaming company and one of the world’s biggest social media businesses.The Associated Press read more

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UNHCR plans to speak to Liberians aboard ship stranded off West Africa

UNHCR said it would interview the passengers once they had completed immigration procedures.Last Friday, officials from the Economic Community of West African States (ECOWAS) informed the UN refugee agency that Nigeria had agreed to accept the ship and its passengers “on humanitarian grounds.” Port authorities in Lagos last night were still trying to find a docking space for the vessel, the Alnar, in the overcrowded port, a UNHCR spokesman told the press today in Geneva.Under the arrangement, UNHCR and the Nigerian Refugee Commission were allowed on board after immigration authorities had spoken to the passengers. The Alnar had been moored off the Nigerian port since Sunday, after nearly four weeks at sea. It had left Monrovia, Liberia, on 1 June, making initial stops in Accra, Ghana, where some Ghanaian and Nigerian passengers were allowed to disembark, but not the Liberians. The ship then headed for Benin, and later Togo, where it was not allowed to approach the coast. During the four-week odyssey, UNHCR made repeated calls for authorities in different West African countries to permit the ship to dock and allow UNHCR staff on board in order to assess the status of the Liberian passengers. The agency also expressed growing concern over the deteriorating conditions of the passengers who were reportedly short of food, water, and medicines. read more

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